Consumers should understand that the information and data presented represent estimates, averages and summary results from marketing information provided by the facilities contacted. Data was collected during 2005 and 2006 and it represents a snapshot of data AT THAT TIME. Data has not been updated since it was originally collected. Although data was collected from reliable sources, no warranties are made as to the appropriateness of the data for making important decisions.

Consumers should contact the facility to request current data, particularly for up-to-date offerings, prices and availability of residences. Prices and availabilities change, often. Consumers should also understand that data has been extracted and summarized from marketing information that present complex, and often, confusing pricing plans with numerous options, alternatives, refund options and health coverage plans. Some facilities present a single price (Entrance Fee) with a single Refund Plan and health coverage, and others give numerous options, with or without Refund, Declining Balance Refund, and Assisted Living and Nursing Care coverage.

Data Fields

Facility Name

Address

City

State

ZIP

Phone

Web-Site

Email

Number of Units in Independent Living

Property Size of Campus

Corporate Organization

Church/Faith Based Non-Profit

Non-Profit

For-Profit

Cooperative/Condominium

Entrance Fees (List Price)

These fees are normally charged for admission to the facility as a resident.

Entrance fees are Average, Minimum, and Maximum for each price range of residence: Low, Medium and High corresponding, in general, to 1 BR, 2 BR and 2 BR+.

Monthly Fees

Monthly fees were averaged for Single and Double Occupancy each price range of residence: Low, Medium and High, corresponding, in general, to 1 BR, 2 BR and 2 BR+.

Refund Plans

Refunds can be generally categorized by Declining Balance, with or without a minimum, or Minimum Refund, and Non-Refundable. If a refund percentage is shown this will represent the Average-Minimum Refund for the facility. Many CCRCs offer Refunds based on the original Entrance Fee. Some Cooperatives offer refunds based on the Resale Price of the residence, thus allowing the resident/estate to share in the appreciated value.

Discounts

In general, Entrance Fees show the “List Price” before any options, thus they will show the maximum price for each unit. Marketing brochures often show the minimum fees and then will show the optional fees for refund-ability, Assisted Living or Nursing Care coverage.

The Discount Percentage shows the average Minimum Fee one could expect if various options were accepted. Thus if the Discount shows 66%, one could expect a price of $66,000 for a List Price of $100,000.

Assisted Living (ALU)

A check mark shows that the facility provides coverage for Assisted Living, under the Entrance Fee and Monthly Fees, WITHOUT increases for housing or services. (There may be fees for additional meals.)

Nursing Care (LTC)

A check mark shows that the facility provides coverage for Nursing Care, under the Entrance Fee and Monthly Fees, WITHOUT increases for housing or services. (There may be fees for additional meals.)

Fee-For-Service (FFS)

A check mark shows that the facility DOES NOT provide coverage for Assisted Living or Nursing Care, under the Entrance Fee and Monthly Fees, although Assisted Living and Nursing Care may be AVAILABLE at discounted rates or priority admission. Fee-For-Service costs may be charged at the time used or, often can be deferred until estate settlement, at which time they may be deducted from the refund, if any.

Amenities Available/Featured

Wellness Center

Exercise Area with Equipment

Swimming Pool

Hot-Tub or Spa

Walking Trails or Areas

Tennis Court

Other Recreation Facilities (Gardens, Bocce, Computer Lab)

Hobby/Work Shop

Beauty Salon/Barber Shop

Banking Facilities

Service Provider

Each CCRC will usually designate a Provider for Services at that facility.

Self-Provider: If the facility provides services under its own management it would be identified as a Self-Provider.

External-Provider: If services are provided or managed by an external agency or organization, it would be identified as an External-Provider.

Name of Provider Organization

State Registration

Some states require registration or listing of the facility with a state agency, often with the Insurance Bureau or Social Services Agency. If the state records show that the facility has registered, this will be indicated. This does not indicate that the state agency has approved the facility, only that it has been registered.

Accreditation

An independent agency, the Continuing Care Accreditation Commission (CCAC), conducts voluntary accreditation of its members. If the facility has achieved accreditation from the CCAC this is indicated here.

Year Opened

Comments

This field provides an abbreviated description of Refund Plans, Coverage for Assisted Living or Nursing Care and Discounts.

Methods of Data Collection and Analysis

Marketing information was requested from retirement communities that appeared to be operated as CCRCs. This study was limited to those communities that require an Entrance Fee, and Monthly Fees, in exchange for Lifetime Residence, and assurance of Assisted Living and Nursing Care, if and when required. This database does not include Rental-Only or Monthly-Fee-Only facilities.

There are many retirement communities with only Rental or Monthly Fees (no Entrance Fee) that operate as “CCRCs.” These are not included in this study.

Data used for analysis was extracted from marketing information requested from and provided by facilities operating as CCRCs and from Disclosure Statements filed with state agencies or other publicly available sources. No private or confidential information was used. In order to present understandable information, prices and fees were averaged, by relative cost (Low, Medium & High, corresponding, in general to 1 BR, 2 BR and 2 BR+), and by range (Minimum or Maximum). Users should also understand that costs and fees may change. This data represents information collected during 2005 and 2006. Although we have taken care to prevent errors, facts and figures may not be complete or up to date. Consumers should use this information as an overall guide only, and should contact the communities directly for current prices and fees, programs and services.